Ryden completes the sale of a modern trade unit in Thornliebank Industrial Estate, Glasgow Image

Ryden completes the sale of a modern trade unit in Thornliebank Industrial Estate, Glasgow

18 October 2019

Ryden completes the sale of a modern trade unit in Thornliebank Industrial Estate, Glasgow

18 October 2019

Acting on behalf of a private Irish investor, Ryden has successfully completed the sale of a modern trade counter investment on the south side of Glasgow for c. £790,000 representing a net initial yield of 6.7%.

The property, which consists of a 10,149 sq ft unit located at 101 Spiersbridge Lane, Thornliebank Industrial Estate, has been purchased by a private Irish client represented by CBRE.

It is currently let to Howdens Joinery Properties Limited on FRI terms expiring in May 2026 and a passing rent of £55,858 per annum (£5.50 psf).

Thornliebank Industrial Estate is a well established estate, home to a number of national and local occupiers and is situated approximately seven miles from Glasgow City Centre with excellent access to the motorway network across central Scotland.

Derek ArcherInvestment Associate at Ryden, commented on this deal:

“With current positive dynamics within the industrial sector, there was strong investor interest in this asset which contributed to a very pleasing outcome for our client on the sale''.